After-Hours Movers: AKAM, ZS, WTTR

Akamai Technologies experienced a significant 17% increase in its stock price after committing to a $11.6 billion, seven-year contract with Anthropic. This strategic deal involves supporting AI and distributed CPU workloads through cloud infrastructure. As part of the agreement, Akamai granted Anthropic a warrant for up to 7.7 million shares, representing approximately 5% of the company's outstanding stock, with a purchase price of $111.33 per share.

The warrants are subject to vesting based on the fulfillment of contract milestones over the seven-year period.

In contrast, Zscaler Inc. saw a 4% decline in its stock value following the appointment of Ross Tackett as Chief Revenue Officer, effective October 1, 2026. Tackett's extensive background in enterprise software sales leadership was noted, but the timing of his appointment led to profit-taking among investors.